Mark Carney’s vision for Canada’s future relationship with the EU and Tony Blair’s ambition for the UK to rejoin the bloc are delusional in similar ways. This blog explains why... Earlier this month, Canadian Prime Minister Mark Carney and European Commission President Ursula von der Leyen made a coordinated push to promote the idea that … Continue reading What Carney and Blair both get wrong on the EU
Tag: Politics
What to make of the new OECD forecasts
The OECD is not really in the forecasting business and its projections are no more interesting than any others. But the consistent policy messages from the OECD and IMF might carry more weight. Frankly, my advice is to ignore the latest OECD projections - they don’t tell us anything that we don’t already know, and … Continue reading What to make of the new OECD forecasts
Six questions and answers on the new UK productivity data
New ONS analysis shows that UK productivity has held up much better than previously thought. Here’s a quick Q&A including what this could mean for the Budget, and what it is telling us about Brexit... This week the ONS published new analysis of the key measure of labour productivity, namely output per hour worked. This … Continue reading Six questions and answers on the new UK productivity data
Why the Bank should follow the ECB and hike rates
There are strong arguments against raising UK interest rates as far as the markets are currently expecting. But I do not believe these arguments are sufficient to justify not raising rates at all... This is an extended version of my submission to the Shadow Monetary Policy Committee run by CityAM, where I reluctantly voted for … Continue reading Why the Bank should follow the ECB and hike rates
